{"id":45372,"date":"2020-05-21T12:53:21","date_gmt":"2020-05-21T19:53:21","guid":{"rendered":"http:\/\/www.newscorpse.com\/ncWP\/?p=45372"},"modified":"2020-06-09T09:33:04","modified_gmt":"2020-06-09T16:33:04","slug":"even-trump-doesnt-believe-his-lies-that-the-economy-will-rebound-quickly","status":"publish","type":"post","link":"https:\/\/www.newscorpse.com\/ncWP\/?p=45372","title":{"rendered":"Even Trump Doesn’t Believe His Lies that the Economy Will Rebound Quickly"},"content":{"rendered":"

The strongest argument that Donald Trump had for reelection was his contention that the economy was booming and that he was the reason why. Of course, neither of those things are true. Before the emergence of the COVID-19 (coronavirus) pandemic, the economy was a house of cards being propped up by artificially low interest rates, a federal Reserve Board that was printing money, and Trump’s disastrous tax cuts for corporations and the rich that benefited the stock market, but not the overall economy.<\/p>\n

\"Donald
\n<\/a><\/p>\n

Trump was and is desperate to push off an inevitable recession (or worse) until after the election in November. So he’s employing shady tactics to disguise how shaky the economy actually is. The pandemic isn’t helping him except as a convenient excuse to blame for the declining GDP and rising unemployment. And he’s pretending that those metrics wouldn’t be in place but for the health crisis. Even more disturbing, Trump is pushing to “reopen”<\/em> the nation far too soon to ensure the safety of the American people. Make no mistake, the only reason Trump is advocating this perilous course is to juice the economy and his reelection prospects.<\/p>\n

The truth is that the U.S. economy has been teetering for the past 12 to 18 months. Credit is stretched beyond sustainable limits. Trade is at record lows, partly due to Trump’s idiotic tariffs. Markets for real estate, oil, transportation, and banking have been noticeably fragile. So even when the effects of the pandemic are removed, prosperity will not magically return. And you’ll never guess who knows that.<\/p>\n

Despite his daily (hourly) tirades directed at the press, wherein he insists that he’s done everything perfectly and there’s nothing to worry about, Trump is well aware of the economic trouble that is lying in wait. He has repeatedly said that there will be a rapid rebound and that the country will soar to heights greater than ever before this year is out. However, that optimism is not present in the management of his own businesses. The Miami Herald is now reporting<\/a><\/strong> that…<\/p>\n

“Trump National Doral Miami, President Donald J. Trump\u2019s Miami-Dade resort hotel and golf course, has announced 250 workers who were originally furloughed indefinitely will now be permanently laid off. […] ‘Unfortunately, it now appears that the adverse effects of the COVID-19 outbreak upon our business will be longer and more substantial than previously was foreseeable.'”<\/p><\/blockquote>\n

So while Trump is telling the press that there is going to be a historic booming economy in the coming months, he is drastically cutting his work force at one of his signature properties. In other words, while he’s lying to the people about their economic future, he is making sure that he won’t be overextended during the downturn that he knows will be severe and enduring. And he is forcing the hardships onto working folks who are already struggling to survive.<\/p>\n

This is typical of Trump’s self-serving approach to governing. It’s the reason he pressured the Fed to lower interests rates that resulted in him saving millions of dollars on his outstanding debts<\/a><\/strong>. It’s the reason he’s so anxious to get businesses open again, like his own that have reportedly cost him about 30% of his net worth<\/a><\/strong><\/p>\n

And it is now the reason that Trump is terminating hundreds of workers that he previously promised to rehire, due to what he openly recognizes will be a prolonged economic recession or depression. But while he is taking these steps to preserve his own wealth, he continues to deceive the American people with happy-talk of the imaginary economic utopia that only he can produce. Anyone who believes that drivel deserves what they get. The sad thing is, the rest of us will suffer along side them. Which makes it all the more important to make certain that you, and everyone you know, vote Trump out in November.<\/p>\n

\n

How Fox News Deceives and Controls Their Flock:
\nFox Nation vs. Reality: The Fox News Cult of Ignorance.<\/a>
\nAvailable now at Amazon.<\/strong><\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"

The strongest argument that Donald Trump had for reelection was his contention that the economy was booming and that he was the reason why. Of course, neither of those things are true. Before the emergence of the COVID-19 (coronavirus) pandemic, the economy was a house of cards being propped up by artificially low interest rates, […]<\/p>\n","protected":false},"author":1,"featured_media":42971,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[219,152,1,1200,8],"tags":[554,1141,1140],"class_list":["post-45372","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-election","category-general","category-politics","category-propaganda","tag-donald-trump","tag-economy","tag-election"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-apocalypse.jpg","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p4Ijg-bNO","jetpack-related-posts":[{"id":68781,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=68781","url_meta":{"origin":45372,"position":0},"title":"Karl Rove Slams Trump on Fox News for Lying About the Economy and Ignoring How the Public Feel","author":"Mark NC","date":"2\/2\/2026","format":false,"excerpt":"The flagrant failures of Donald Trump are becoming so unwieldy and impossible to ignore that even the most hard core, right-wing Republicans are beginning to speak out about it. They are starting to recognize that dodging reality is going to have a more severe impact on the GOP's electoral prospects\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=219"},"img":{"alt_text":"Donald Trump, Fox News, White House","src":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-foxnews-white-house-broken.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-foxnews-white-house-broken.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-foxnews-white-house-broken.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":68299,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=68299","url_meta":{"origin":45372,"position":1},"title":"TRUMP IS TOAST! Even In a Fox News Poll Most Say Trump\u2019s Economic Policies Have Hurt Them","author":"Mark NC","date":"11\/21\/2025","format":false,"excerpt":"Earlier this month, Trump suffered a resounding electoral defeat as voters in multiple states rejected his candidates and his policies. And with his pathetic failure to address the number one issue in the minds of voters - the economy - his future looks decidedly bleak. And he knows it. Click\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=219"},"img":{"alt_text":"Donald Trump, Wah","src":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-wah.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-wah.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-wah.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":41366,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=41366","url_meta":{"origin":45372,"position":2},"title":"Trump’s Pitiful Ignorance of Fiscal Policy is Driving His Dangerous Assault on America’s Economy","author":"Mark NC","date":"4\/30\/2019","format":false,"excerpt":"The risks posed by the unprecedented incompetence of Donald Trump are more apparent with each passing day. He has damaged our nation's relationships with decades-long allies, while cozying up to hostile enemies. He has maligned Americans in politics and the press as corrupt, dishonest, and even treasonous. His agenda is\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=219"},"img":{"alt_text":"Donald Trump, Stock Market","src":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-stock-market.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-stock-market.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-stock-market.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":42351,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=42351","url_meta":{"origin":45372,"position":3},"title":"Here’s Why Trump is So Obsessed with the FED and Doesn’t Care if the Economy Tanks","author":"Mark NC","date":"7\/31\/2019","format":false,"excerpt":"For much of his presidency, Donald Trump has been railing against the Federal Reserve Board (FED) for not being a mindless functionary that obeys his every command (like his incompetent Cabinet and the GOP jellyfish in Congress). What he obviously doesn't understand is that there is a reason that the\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=219"},"img":{"alt_text":"Donald Trump, Stock Market Crash","src":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-stocks-crash.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-stocks-crash.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-stocks-crash.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":51417,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=51417","url_meta":{"origin":45372,"position":4},"title":"Deranged Trump Declares that ‘I Developed the Vaccine’ in Lie-Riddled Twitter Tantrum","author":"Mark NC","date":"12\/4\/2021","format":false,"excerpt":"Donald Trump is, if nothing else, consistent. Although that isn't a compliment considering that his consistency is related to his being a pathological liar. He distinguished himself as having told more than 30,000 lies during his single term in the White House. Since Trump lost reelection a year ago -\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=219"},"img":{"alt_text":"Donald Trump, Insane, Straight Jacket","src":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-straight-jacket-insane.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-straight-jacket-insane.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-straight-jacket-insane.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":69611,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=69611","url_meta":{"origin":45372,"position":5},"title":"AMERICA FIRST? Trump Promises To Use ‘The Economic Might of the US To Strengthen Hungary\u2019s Economy’","author":"Mark NC","date":"4\/11\/2026","format":false,"excerpt":"The political centerpiece of Donald Trump's occupation of the White House has been the cheesy sloganeering that he stole from 1920s American fascists: \"Make America Great Again.\" That message presupposes that America wasn't great to begin with. And Trump expanded that pessimistic point of view by insisting that he would\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=219"},"img":{"alt_text":"Donald Trump","src":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-baby-flag.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-baby-flag.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-baby-flag.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/posts\/45372","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=45372"}],"version-history":[{"count":4,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/posts\/45372\/revisions"}],"predecessor-version":[{"id":45584,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/posts\/45372\/revisions\/45584"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/media\/42971"}],"wp:attachment":[{"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=45372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=45372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=45372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}